https://www.taxtmi.com/caselaws?id=38139 A contribution to an assessee's own gratuity fund was treated as deductible business expenditure, even though the fund was not an approved gratuity fund under section 36(1)(v) of the Income-tax Act, 1961. The allowance provision was distinguished as applying only to contributions to approved gratuity funds created under a trust, while the present claim was considered at the stage of computing business income under section 28. The court followed its earlier view and supporting High Court decisions, and the deduction was allowed in favour of the assessee. en-us Thu, 02 Mar 1978 00:00:00 +0530 Sat, 03 Apr 2010 13:35:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38139 A contribution to an assessee's own gratuity fund was treated as deductible business expenditure, even though the fund was not an approved gratuity fund under section 36(1)(v) of the Income-tax Act, 1961. The allowance provision was distinguished as applying only to contributions to approved gratuity funds created under a trust, while the present claim was considered at the stage of computing business income under section 28. The court followed its earlier view and supporting High Court decisions, and the deduction was allowed in favour of the assessee. Case-Laws Income Tax Thu, 02 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38139